Major U.S. averages on Monday closed well off their best levels of the day, which included a Nasdaq record, as concerns over the timing and size of fiscal stimulus dented optimism at the start of a week of earning reports from mega-cap companies.
Investment flows into cryptocurrency funds and products hit a record US$1.31 billion last week after a few weeks of small outflows, as investors took advantage of the decline in bitcoin and other digital asset prices, according to the latest data on Monday from asset manager CoinShares.
Leon Black said on Monday he would relinquish his chief executive post at Apollo Global Management Inc following the buyout firm's independent review of his ties to the late financier and convicted sex offender Jeffrey Epstein.
Twitter is enlisting its users to help combat misinformation on its service by flagging and notating misleading and false tweets.
Major U.S. averages on Monday closed well off their best levels of the day, which included a Nasdaq record, as concerns over the timing and size of fiscal stimulus dented optimism at the start of a week of earning reports from mega-cap companies.
NEW YORK: The world economy is expected to make a modest recovery of 4.7 percent this year after shrinking 4.3 percent in 2020 due to the COVID-19 pandemic: more than double the impact of the global financial crisis in 2009: the United Nations said on Monday. The World Economic...
Canada's BlackBerry Ltd said it was unaware of any reasons for a surge in its share price on Monday that lifted gains to more than 150per cent since the start of January.
Wall Street is abuzz about stock market bubbles as surges in the share prices of some loss-making firms, red-hot public markets and amateur investors chasing stocks at frothy valuations spark fears of a pullback.
Delta Air Lines plans to bring back 400 full-time pilots by this summer, according to a company memo on Monday seen by Reuters.
Household spending rose modestly over the last four months, but consumers' expectations for how much more they'll be able to spend a year from now surged, according to a survey released Monday by the New York Federal Reserve.
